Agency
In Iowa, an agent must act with 'reasonable care and diligence.' This means the agent should:
AGuarantee the success of every transaction
BExercise the care, skill, and attention that a reasonable agent would use in similar circumstances✓ Correct
CAlways recommend the highest-priced property
DComplete every transaction within 30 days
Explanation
The duty of reasonable care requires agents to use the skill, care, and diligence of a competent professional in similar circumstances. This includes proper market knowledge, communication, and professional judgment.
Related Iowa Agency Questions
- Iowa's buyer's agent must inform the buyer of which material fact if discovered during the agency?
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- Which of the following is an example of an express agency relationship?
- Iowa's agency disclosure form must be provided to:
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- Iowa law requires that a listing agreement include which of the following provisions?
- A seller's agent who learns that the buyer cannot qualify for a larger mortgage should:
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